First Street Business Brokershttp://www.firststreetbusinessbrokers.com
The first and best place to sell & buy a businessTue, 19 Feb 2019 16:32:01 +0000en-UShourly1https://wordpress.org/?v=4.9.9Opportunity Zones – Enable Investors to Defer and Reduce Capital Gainshttp://www.firststreetbusinessbrokers.com/uncategorized/opportunity-zones-enable-investors-to-defer-and-reduce-capital-gains/
Tue, 19 Feb 2019 16:32:01 +0000http://www.firststreetbusinessbrokers.com/?p=1934Opportunity Zones offer tax breaks and could help you along with assisting development in distressed communities. Read this article in the New York Times to learn more:

]]>Tax Season Is Here Again – Some Tips From The Professionalshttp://www.firststreetbusinessbrokers.com/uncategorized/tax-season-is-here-again-some-tips-from-the-professionals/
Fri, 25 Jan 2019 14:39:03 +0000http://www.firststreetbusinessbrokers.com/?p=1931I understand that many of us strongly dislike dealing with our taxes. The thought of preparing all the documentation along with paying can be a bit depressing. We strongly advise business owners to consult with your accountant to develop an annual plan that you will stick too. The rules continue to change and it’s difficult to be an expert in everything. I promise you, you will feel much better when January comes along again.

]]>Great Article on Family Businesses from Business NH Magazinehttp://www.firststreetbusinessbrokers.com/uncategorized/great-article-on-family-businesses-written-in-new-hampshire-business-magazine/
Wed, 10 Oct 2018 17:59:10 +0000http://www.firststreetbusinessbrokers.com/?p=1880Did you know the following?

“In the United States, and NH, family businesses account for approximately 90 percent of all businesses. Their life span is about 24 years—a little more than one generation. Fewer than one in three makes it to a second generation.”

We thought this was a great article to share – especially if you are in a family business.

]]>A Perfect Match – The Big Bean Cafe in Newmarket, NHhttp://www.firststreetbusinessbrokers.com/accommodation-and-food-service/a-perfect-match-the-big-bean-cafe-in-newmarket-nh/
Fri, 21 Sep 2018 15:08:52 +0000http://www.firststreetbusinessbrokers.com/?p=1872It’s always nice when you have a really perfect “Seller and Buyer” match. Congratulations to Sarah and Jack on the sale of their fabulous restaurant to two amazing buyers, Jon and Arley. The Big Bean Cafe in Newmarket, NH is in great hands!!

]]>Family Businesses Hire a New Type of Executivehttp://www.firststreetbusinessbrokers.com/uncategorized/family-businesses-hire-a-new-type-of-executive/
Mon, 09 Jul 2018 12:34:26 +0000http://www.firststreetbusinessbrokers.com/?p=1859Great article about Family Businesses and the need for proper advice:

]]>New Hampshire Manufacturing Facts from the Center for Manufacturing Researchhttp://www.firststreetbusinessbrokers.com/manufacturing/new-hampshire-manufacturing-facts-from-the-center-for-manufacturing-research/
Thu, 28 Jun 2018 16:34:19 +0000http://www.firststreetbusinessbrokers.com/?p=1857Great information about the manufacturing industry in New Hampshire from the Center for Manufacturing Research. It looks very healthy for anyone looking to invest and/or acquire companies in the state.

“Manufacturers in New Hampshire account for 10.9 percent of the total output in the state, employing 9.9 percent of the workforce. Total output from manufacturing was $8.49 billion in 2016. In addition, there were 66,300 manufacturing employees in New Hampshire in 2016, with an average annual compensation of $78,104 in 2016.”

]]>Small Business Transactions Reached Record Highs in 2017!http://www.firststreetbusinessbrokers.com/uncategorized/small-business-transactions-reached-record-highs-in-2017/
Wed, 24 Jan 2018 15:52:50 +0000http://www.firststreetbusinessbrokers.com/?p=1806According to BizBuySell.com, small business transactions reached record highs in 2017, up 27 percent from 2016. “This year’s increase marks a noteworthy upward shift in the number of small businesses changing hands across America. For several years after the 2008-2009 Great Recession, sales volume remained low as small businesses struggled financially and capital for financing remained tight. Beginning in 2013, as the economy recovered, closed transactions have steadily increased. But 2017 represents a significant increase, with 9,919 closed transactions reported compared to the 7,842 in 2016. This year-over-year growth rate is the largest since 2013.”

“When asked for the top reason for the increase in transactions, brokers cited the improving small business environment, including strengthening revenue and profit numbers (28 percent), the increasing number of owners looking to sell (21 percent) and the increasing number of qualified buyers on the market (19 percent).”

]]>The Top 10 Fastest-Growing Occupations vs Fastest-Declining oneshttp://www.firststreetbusinessbrokers.com/uncategorized/the-top-10-fastest-growing-occupations-vs-fastest-declining-ones/
Wed, 25 Oct 2017 16:39:24 +0000http://www.firststreetbusinessbrokers.com/?p=1660Here’s a very interesting article by Ben Casselman in the NY Times, October 25, 2017 about the shifting job categories through automation and overall demographic changes. It lists the projected top 10 fastest-growing occupations from 2016 to 2026 and then the fastest-declining ones. Great information to know!

]]>The Spa Industry in the USA generated 16.3 billion in Revenues!!http://www.firststreetbusinessbrokers.com/other-services-except-public-administration/the-spa-industry-in-the-usa-generated-16-3-billion-in-revenues/
Fri, 22 Sep 2017 16:54:38 +0000http://www.firststreetbusinessbrokers.com/?p=1652Have you ever thought about entering the Wellness Industry? Or are you currently in it and wondering if you should reinvest in the industry? From these stats, it sure looks like it’s healthy and fairly recession proof.

“Wellness is about making healthy lifestyle choices and maintaining one’s well-being both physically and mentally. In recent years, more people around the world have begun to recognize the importance of wellness – a trend which has seen the value of the industry increase year-on-year. In 2013, the market size of the global wellness industry amounted to more than 3.4 trillion U.S. dollars. The beauty and anti-aging segment was by far the largest, constituting approximately one third of the overall industry.

The spa industry in the United States generated 16.3 billion U.S. dollars in revenue from more than 21 thousand locations in 2015. Reasons for seeking spa treatments ranged from medical and pain relief to relaxation and stress relief, or just to indulge and pamper. During a national survey by market research company Nielsen Scarborough in spring 2016, 13.71 million people said that they had used day spa services within the past 12 months.”

Demand is driven by demographics and population growth. The profitability of individual companies depends on technical expertise and marketing skills. Large companies enjoy economies of scale in purchasing and marketing. Small companies can compete successfully by offering superior service or securing favorable locations. The US industry is highly fragmented: the 50 largest companies generate about 15 percent of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products are hair cutting, hair coloring, nail care, skin care, and merchandise sales. A typical salon offers haircutting and styling, coloring, shampooing, and permanents. Some salons also offer nail care, facial treatments, makeup, bikini waxing, massage, tanning, and other types of spa treatments but the lower volume of demand for such specialty services often makes them uneconomical. Sales of hair care products are an important revenue source for many salons, providing from 5 to 15 percent of revenue. Gross margins are higher for hair care products than for services.

Revenue growth is expected to improve over the next five years, rising at an average annual rate of 3.2% to $58.7 billion by 2019. This will be driven by increases in per capita disposable income and declining unemployment over the five-year period. Higher disposable incomes will also lead hair salon customers to spend more on higher-value services such as manicures, pedicures, facials, hair modification treatments, and massages.”

]]>3 Lessons Entrepreneurs Can Learn…http://www.firststreetbusinessbrokers.com/uncategorized/3-lessons-entrepreneurs-can-learn/
Tue, 27 Jun 2017 17:41:54 +0000http://www.firststreetbusinessbrokers.com/?p=1624I read lots of articles on business and entrepreneurship and this one provides some interesting insights. The 3 Lessons: